Foster Friess is a well-known businessman, politician, philanthropist, and political donor from the United States. The entrepreneur was elected a Republican candidate in Wyoming in 2018. The politicians were defeated by State Treasurer Mark Gordon. The entrepreneur is a first-generation college graduate.
The businessman is a well-known multi-millionaire financier. Foster received praise from BusinessWeek in a 2001 article. The politician was named one of the top ten fund managers of his generation. Foster Stephen Friesss is the real name of the businessman.
|Celebrated Name:||Foster Friess|
|Real Name/Full Name:||Foster Stephen Friesss|
|Age:||82 years old|
|Birth Date:||April 02, 1940|
|Birth Place:||Rice Lake, Wisconsin, United States|
|Height:||5 ft 9 in|
|Wife/Spouse (Name):||Lynnette Estes|
|Children/Kids (Son and Daughter):||Yes ( Carrie Madden Friesss, Michael Friesss, and Steve Friesss)|
|Is Foster Friess Gay?:||No|
|Profession:||Businessman, Politician, Philanthropist and Political Donor|
|Net Worth in 2022:||$150 million|
Foster Friess Biography
Foster Friess was born on April 2, 1940, in Rice Lake, Wisconsin, USA. Rice Lake High School was where the singer went to school. He joined the basketball and track teams in high school. The entrepreneur graduated from college as a first-generation college student. He attended the University of Wisconsin.
Foster finished his bachelor’s degree in business administration. He was president of the Chi Phi fraternity at the university. In addition, he was a member of the Reserve Officers Training Corps. During his studies, the entrepreneur was named one of the Ten Most Outstanding Senior Men.
Foster Friess Age, Height, Weight
Foster Friess was born on April 2, 1940, and is 82 years old as of 2022. His height is 5 ft 9 in and he weighs 50 kg.
Following graduation, the entrepreneur received training as an infantry platoon leader. Foster was assigned to the 1st Guided Missile Brigade as an intelligence officer. The politician began his career as an investor. He joined the Brittingham family and quickly rose to the position of Director of Research.
After gaining some business experience, the entrepreneur established his investment management firm, Friesss Associates, LLC, which grew slowly in the early years. They begin managing assets valued at $15.7 billion. Forbes named the Brandywine Fund the top performer of the decade.
Affiliated Managers Group assisted the company. AMG Group owned more than 70% of the company in 201. Foster Family retained a 10% stake in the company. The company was bought out by one of its employees in 2013. The entrepreneur is involved in conservative and political activities. The businessman gave $250,000 to Rick Santorum’s re-election campaign in 2006.
Rick Santorum’s political campaign is aided by the businessman. He made significant contributions to his campaigns. The businessman gave $100,000 to Wisconsin Governor Scott Walker in 2011. He advises Turning Point USA, a conservative youth organization.
Friess Family Foundation is run by the businessman and his wife. The organization assists with mobile medical services, clean water facilities, and monetary donations in the aftermath of natural disasters such as Hurricane Katrina, the Indonesian tsunami, and the Haiti earthquake. Through the sponsored matching grant program, he raised $2 million for the 2004 Indonesian tsunami. Rachel’s Challenge, a non-profit organization founded by Rachel Scott, is supported by Foster.
Foster Friess Achievements And Awards
Several awards in the field of religious work were bestowed upon the entrepreneur. The businessman was presented with the Horatio Alger Award as well as the Muhammad Ali Humanitarian Award. Foster also received the Canterbury Medal, the Beckett Fund for Religious Liberty, the Adam Smith Award, the Albert Schweitzer Leadership Award, the David R. Jones Award and Medal of Distinction, and many other honors.
Foster Friess’s Net Worth in 2022
Foster Friess’s net worth is $150 million as of November 2022. Foster is the most successful businessman of all time. The politician supports a number of conservative Christian causes.
In the United States Army, the entrepreneur was trained as an Infantry Platoon Leader and also served as an intelligence officer. Foster, according to CNBC, is the greatest investor of the century. Politicians frequently make public jokes about their wealth. The businessman made his money through his company, Friess Associates.
The millionaire was raised in a middle-class household. He applied his knowledge to the development of his business empire.
Foster Friess Wife, Marriage
In 1962, the businessman married Lynnette Estes. They have four children together.